Hedging in Cricket.

[Ferris_rules]

I was curious whether many punters here engage in this activity esp given when Australia play the odds for the opposition is generally very good.

I remember the one summer when the SA came down, I mind a lot of money by just backing the SA and hedging every time.

The odds for the NZ are $3 in the ODI and to me if I wasnt working full time I would sit back and make some money on Tuesday.

Although it is a risky activity and you MUST really be able to appreciate and understand each and every facet of cricket (or any sport for that matter) if your interested in hedging. In addition you MUST realise that if NZ lose early wickets or Australia bat well that there will be unlikely NO chance to hedging and your stuck with a dud bet.

But NZ do appear to have value @ $3.

Several things that are vital in all this, you need a good working phone- to make the call lol ( I have been caught out in the past) a good internet connection - to check the odds and balls of steel oh and most importantly you need to be following the game, until a hedging situation transpires.

I wasnt around when Australia beat Pakistan in that comeback match but that is a quintessential example of what I am talking about similarly and more recently in the last 2 ODI's the odds swayed all over the place.

Good luck would love to hear others thoughts on this.

 

[Daytripper]

Not sure if you're talking hedging or trading - the example you give sounds like trading to me.

Cricket like tennis lends itself to trading. Simple rule I use when doing it is to trade when the price gets to 10% positive of your initial price.

This does not mean if you back a team at $51 you trade @ $41.
$51 is 2%. You therefore need to wait until your team gets to $8 (12%) before trading.

If you back a team @ $1.50 the 10% positive on the back side is $4.30 and the 10% positive on the lay side is $1.31.

If you back a team @ $1.20 the 10% positive on the back side is $10 and the 10% positive on the lay side is $1.07.

Matches often trade between this bracket and its not hard at all to get set on both sides unless the team/player you oppose with your initial bet gets off to an absolute flyer and maintains it.

 

[Ferris_rules]

Not sure if you're talking hedging or trading - the example you give sounds like trading to me.

Cricket like tennis lends itself to trading. Simple rule I use when doing it is to trade when the price gets to 10% positive of your initial price.

This does not mean if you back a team at $51 you trade @ $41.
$51 is 2%. You therefore need to wait until your team gets to $8 (12%) before trading.

If you back a team @ $1.50 the 10% positive on the back side is $4.30 and the 10% positive on the lay side is $1.31.

If you back a team @ $1.20 the 10% positive on the back side is $10 and the 10% positive on the lay side is $1.07.

Matches often trade between this bracket and its not hard at all to get set on both sides unless the team/player you oppose with your initial bet gets off to an absolute flyer and maintains it.

Not arguing, but I thought it was called hedging.

In any case as I said its interesting but you have to work hard for your $$$, however it is fun and generally speaking there is opportunity in most games to hedge/trade. But a word of caution to everyone, you really must understand the game to entertain this method of making money.

For example, Im sure the Power-Bullies game had a good opportunity to make money with hedging/trading but the Freo/Saints had no opportunity whatsoever. Then again we are talking about the most unsuccessful team in the history of the AFL.

 

[dr nick]

Hedging is a fantastic way to make money if you spot an abberation during in-play betting, and then palming off when the odds re-adjust.

 

[Jan Juc]

In any case as I said its interesting but you have to work hard for your $$$, however it is fun and generally speaking there is opportunity in most games to hedge/trade. But a word of caution to everyone, you really must understand the game to entertain this method of making money.

The two are mutually exclusive IMO.

''Fun'' shouldn't really enter the equation.

 

[Dutchy10]

Cricket trading is easy $$$ just LAY at the low price and the BACk at the high price, lock in a profit no matter the result.

In the last ODI I LAYed AUS @ $1.29 and the BACKed them 30 mins later at $1.81

many examples like this in all forms of the game

 

[Ferris_rules]

The two are mutually exclusive IMO.

''Fun'' shouldn't really enter the equation.

My ROI suggests I do well and I have fun doing it, so Im sorry but for me they are not mutually exclusive.

I have a lot of fun in punting, only wish I was well off enough to retire and do this for a living with a nice bank to roll over.

 

[Ferris_rules]

Cricket trading is easy $$$ just LAY at the low price and the BACk at the high price, lock in a profit no matter the result.

In the last ODI I LAYed AUS @ $1.29 and the BACKed them 30 mins later at $1.81

many examples like this in all forms of the game

True Dutchy, but I assume you understand the game well though?

Like I have heard you can do this for tennis, but I do not understand the game that well to entertain betting in this arena.